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Frazier Healthcare Partners closed its $2.3bn Frazier Healthcare Growth BuyoutFund XI, exceeding its target in just six months The fund, known as FHGB XI, is focused on controlling interests in middle-market healthcare companies and secured strong backing from global limited partners, including public pensionfunds, financial institutions, sovereign (..)
The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy. Pamlico targets equity investments between $50m and $200m in high-growth companies across North America.
The country’s growing pool of pensionfunds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. Lower interest rates are expected to further fuel leveraged buyouts, setting the stage for an active 2025, Deloitte reported. increase from the previous year.
The loosening of credit conditions is likely to help private equity by easing borrowing constraints, which have slowed deal-making, while lower credit costs could also relieve pressure on portfolio companies that had taken on costly leverage amid high borrowing costs, smoothing the path for exits.
Major private equity firms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.
The Fresno County Employees’ Retirement Association (FCERA) has approved $140m in new commitments to alternative investment funds during the fourth quarter of 2024, according to a report by Pension & Investments Online citing a letter from retirement investment officer Conor Hinds.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. ASA in January with funding from Denmark’s Kirk Kristiansen dynasty, the owners of Lego Group.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.
According to a recent release, the fund raised in just four months and attracting a diverse range of investors from across Europe, the Americas, Asia, and the Middle East includes public and private pensionfunds, asset managers, sovereign wealth funds, family offices, and financial institutions, among its investor base.
New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyoutfund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. read more The post Harvest Partners closes latest buyout found at $5.3bn appeared first on Private Equity Insights.
the Redstone family company that controls film and TV giant Paramount Global. Film and TV producer David Ellison is weighing an offer for National Amusements that could involve merging his company, Skydance Media, with Paramount, the Wall Street Journal reported. Trillion in Assets Six of Canada's biggest pensionfunds managing C$1.3
The funds will focus on buyout and later-stage growth equity investments in middle market companies across Shamrock’s target sectors, seeking to capture Shamrock’s proprietary middle-market deal flow, thematic approach, and expertise, and value creation capabilities by utilising the same strategy Shamrock has implemented since 2001.
Vitruvian Partners, a PE firm focused on investments in middle market companies, has closed its latest buyoutfund, Vitruvian Investment Partnership V (VIP V), at €7.3bn ($8.1bn) in total capital commitments, surpassing its initial target of €6.5bn. Notable include the $519.9 Notable include the $519.9
Blue Sage raised Fund IV without a placement agent and limited the fund’s size to maintain its focus on lower-middle market investments, despite strong limited partner interest generated within just a few months of fundraising. Kirkland & Ellis provided legal services to Blue Sage on the Fund IV fundraise.
Keensight Capital, a private equity manager dedicated to making European growth buyout investments with offices in Paris, London and Boston, has raised €2.8bn in funds to invest in companies operating in the technology and healthcare sectors.
maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyoutfund MBK Partners for $2.17bn.The deal is expected to be signed soon, said the person, who declined to be identified as the information was private. MBK, Blackstone and Alinamin declined to comment.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 billion) for a credit fund for Australia and.
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. The company reported €104 million of adjusted earnings before interest, taxes, depreciation and amortization. Buyout firms have been increasingly teaming up with the ultra-wealthy on their deals.
Chris Witkowsky of Buyouts reports Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fund stakes that could total up to around $1.5 billion, according to sources and confirmed by the pension system in a statement to Buyouts. The system managed about C$264.9
The countrys expanding pensionfund capital base and increasing corporate restructuring activity are fuelling strong interest from alternative investment firms worldwide. Private equity firms are increasingly driving governance and management transformations at undervalued Korean companies, unlocking new avenues for value creation.
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Still, I will wait to read the final report to see what Mr. Poirier has to say.
European utility Engie has joined forces with Canada’s second-largest pensionfund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. The French company has suffered from political uncertainty in its home market and its shares have lost around 8% in 2024.
Wynnchurch Capital, a middle market private equity firm focused on recapitalisations, growth capital, management buyouts, corporate carve-outs, and restructurings, has closed its sixth private equity fund, Wynnchurch Capital Partners VI, with $3.5bn of capital commitments.
Ardian raises over $20bn for secondaries fund the Paris-based PE firm has set a target for the fund of $25bn French group Ardian has amassed more than $20bn to buy stakes in private equity funds from investors, highlighting a corner of finance that is defying the broader slump in fundraising.
Macy’s added that it had asked Jefferies, the financial advisor for the buyout group, for updates around Arkhouse and Brigade’s plans to fund the deal earlier this month, but “no additional information” was provided. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
As global funds seek alternative markets for investments and fundraising due to restrictions in China, Korea is emerging as a focal point. According to industry sources on Sunday, KIC will allocate 200bn won to Apollo Global Management’s 10th buyoutfund.
Question is: Can it become a one-stop shop for pensionfunds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? Still, Ares Cap executives wish that portfolio companies would hedge more of their debts.
In her new role, Sulaiman will be responsible for driving investment origination and execution, building and maintaining relationships with key intermediaries, PE managers, company management teams and peer investors, as well as monitoring existing investments within Europe. Suen also serves as Director at QIC European Investment Services.
The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42 It represents a premium of 56% to the company’s NVEI.O
Renovus Capital Partners has held an oversubscribed and above-target closing of its fourth private equity fund, Renovus Capital Partners IV Core Buyout LP and parallel vehicles (Fund IV), with $875 million of capital. and abroad.
The New York-based firm is targeting $12.5bn for the fund, which has been raising capital for around two years, with a hard cap set at $15bn. The Massachusetts Pension Reserves Investment Management Board and the State of Michigan Retirement Systems have each committed $150m.
Earlier this year, Verdane successfully closed its mid-market growth buyoutfund Edda III at its €1.1bn hard cap, taking firm-wide assets under management to more than €8bn. Other investors in Idun II include global private and public pensionfunds, leading university endowments, foundations, insurance companies, and family offices.
According to a press release, the fund’s investment strategy focuses on high-growth, family-owned companies mainly in northern Italy and valued between €30m and €100m. It utilises both buyout and selected expansion investments, with the equity ticket ranging from €20m to €40m.
Wynnchurch Capital (Wynnchurch), a middle market private equity firm focused on recapitalisations, growth capital, management buyouts, corporate carve-outs, and restructurings, has closed its sixth private equity fund, Wynnchurch Capital Partners VI, with $3.5bn of capital commitments.
Frazier Healthcare Partners, a Seattle, WA-based dedicated healthcare private equity firm, announced the close of its latest flagship fund, Frazier Healthcare Growth BuyoutFund XI, L.P. The fund will focus on acquiring controlling interests in middle-market healthcare companies.
banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The Singapore-based firm has received initial interest from North American pensionfunds totaling $500m ahead of the fund launch in January, according to a fund document seen by Bloomberg News.
Frazier Healthcare Partners closed its $2.3bn Frazier Healthcare Growth BuyoutFund XI, exceeding its target in just six months The fund, known as FHGB XI, is focused on controlling interests in middle-market healthcare companies and secured strong backing from global limited partners, including public pensionfunds, financial institutions, sovereign (..)
Private equity firm Renovus Capital Partners (Renovus) has held the final close of its fourth private equity fund Renovus Capital Partners IV Core Buyout, which was significantly oversubscribed with total capital commitments of $875m.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into private equity in three months: Canada Pension Plan Investment Board poured at least $5 billion into private equity in the last three months of 2024 as the asset class regained appeal. and committing $700 million to a private equity fund managed by EQT Private Capital Asia.
Middle-market private equity and credit investment firm Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI (CIP VI), with total capital commitments of $881m. CIP VI attracted commitments from foundations, insurance companies, pensionfunds, asset managers, consultants and family offices.
Bloomberg reports OMERS hires partner of Temasek-backed fund as Global Head of Private Equity: The Ontario Municipal Employees Retirement System hired Alexander Fraser, a former partner of a Temasek-backed fund, as the global head of its private equity arm. OMERS Private Equity manages approximately C$27.5 through the end of 2024.
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally.
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